Reading International (NASDAQ:RDI) Now Covered by Analysts at StockNews.com

Equities researchers at StockNews.com started coverage on shares of Reading International (NASDAQ:RDIGet Free Report) in a report issued on Friday. The firm set a “sell” rating on the stock.

Reading International Price Performance

Shares of NASDAQ RDI opened at $1.19 on Friday. The company has a debt-to-equity ratio of 35.04, a current ratio of 0.17 and a quick ratio of 0.17. The company has a market cap of $26.69 million, a price-to-earnings ratio of -0.63 and a beta of 1.28. The stock’s 50-day moving average is $1.40 and its two-hundred day moving average is $1.45. Reading International has a 1-year low of $1.17 and a 1-year high of $1.89.

Reading International (NASDAQ:RDIGet Free Report) last released its earnings results on Monday, March 31st. The company reported ($0.10) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.41) by $0.31. Reading International had a negative net margin of 21.22% and a negative return on equity of 258.21%. The firm had revenue of $58.58 million for the quarter, compared to analyst estimates of $53.00 million.

Institutional Trading of Reading International

Hedge funds and other institutional investors have recently bought and sold shares of the business. Krilogy Financial LLC grew its position in shares of Reading International by 11.6% in the 4th quarter. Krilogy Financial LLC now owns 2,359,610 shares of the company’s stock valued at $3,115,000 after buying an additional 246,000 shares during the last quarter. MassMutual Private Wealth & Trust FSB acquired a new position in Reading International in the fourth quarter valued at $354,000. Wells Fargo & Company MN grew its holdings in shares of Reading International by 19.1% during the fourth quarter. Wells Fargo & Company MN now owns 227,755 shares of the company’s stock worth $301,000 after purchasing an additional 36,561 shares during the last quarter. Geode Capital Management LLC increased its position in shares of Reading International by 10.1% during the fourth quarter. Geode Capital Management LLC now owns 210,461 shares of the company’s stock worth $278,000 after purchasing an additional 19,224 shares in the last quarter. Finally, Gamco Investors INC. ET AL increased its position in shares of Reading International by 3.6% during the fourth quarter. Gamco Investors INC. ET AL now owns 272,100 shares of the company’s stock worth $359,000 after purchasing an additional 9,500 shares in the last quarter. 44.70% of the stock is currently owned by institutional investors and hedge funds.

Reading International Company Profile

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Reading International, Inc, together with its subsidiaries, focuses on the ownership, development, and operation of entertainment and real property assets in the United States, Australia, and New Zealand. The company operates in two segments, Cinema Exhibition and Real Estate. The Cinema Exhibition segment operates multiplex cinemas.

Further Reading

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